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Pagaya Technologies Ltd ( (PGY) ) just unveiled an update.
On February 13, 2025, Pagaya Technologies Ltd announced its fourth quarter and full year 2024 financial results, marking a strong performance with all key metrics surpassing guidance. The company reported a record network volume of $2.6 billion in the fourth quarter and $9.7 billion for the full year, driven mainly by personal loans. Pagaya also raised $6 billion through asset-backed securitizations in 2024, maintaining its position as the leading personal loan ABS issuer in the US. The company anticipates achieving GAAP net income profitability in the second quarter of 2025, signaling a robust financial outlook for the upcoming year.
More about Pagaya Technologies Ltd
Pagaya Technologies Ltd is a global technology company that leverages artificial intelligence to provide financial infrastructure solutions. With a focus on consumer credit and residential real estate, Pagaya integrates machine learning and a vast data network to offer seamless financial products and services to partners, customers, and investors. The company is headquartered in New York and Tel Aviv.
YTD Price Performance: 22.33%
Average Trading Volume: 1,911,191
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $867.7M
Learn more about PGY stock on TipRanks’ Stock Analysis page.
